Ripple vs XRP Explained

Published 9m ago via nulltx.com

Nulltx via nulltx.com

In the financial and cryptocurrency industry, there is a lot of confusion regarding Ripple and XRP. While Ripple and XRP are entwined up to a certain extent, it is important to highlight the important aspects of either term individually. It is also important to note most financial companies and institutions will use Ripple’s products, yet that does not automatically mean they will directly use XRP as an asset for any sort of purpose.

That is something people often misphrase, as XRP holders will regularly claim they “own Ripple.” As mentioned before, XRP is a digital asset created by Ripple. Ripple, the parent company creating this asset, owns nearly 60 billion XRP of the total supply.

As such, anyone in the world can own part of the XRP that is in active circulation, which is why it is traded across different cryptocurrency exchanges. The future success of XRP is not directly related to Ripple. While it is true the success of XRP can benefit Ripple, the company mainly relies on its employees and board to make big things happen.

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